Kwanji, a new online foreign exchange and payments platform has launched in Kenya.

UK-based Kwanji said it is setting up in the country to help importing businesses transfer money to overseas destinations directly and in under two days. With Kwanji, the person buying machinery in our scenario would only be required to present shillings that would then be exchanged for either Chinese or Indian currency and sent directly to the seller, removing double charges and making payment faster.